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MANILA — The Philippine central bank on Thursday announced revised rules aimed at liberalizing access to foreign exchange from banks and streamlining procedures for FX transactions.

The new rules, part of a wider programme of foreign exchange liberalization that the Bangko Sentral ng Pilipinas has rolled out in the last few years, will allow for easier flows of foreign investments in and out of the economy.

“The reforms will give investors greater flexibility to manage their investments and cash flows,” it said in a statement.